Answering the call for opinions for the UK capacity market review, Gerard Wynn of the Institute for Energy Economics and Financial Analysis (IEEFA) says its time for a rethink. Since its introduction to ensure energy security, 75% of payments have gone to existing coal, gas and nuclear plants, and only 10% to modern assets. By continuing with market reforms and building interconnections with Europe, the UK can have an efficient, market-led … [Read more...]
Brexit: What it means for UK-EU energy trade
The UK says it wants to keep or even expand its close ties with the European Union energy market after Brexit, but it might not get what it wants if the country leaves the EU with no deal in 2019. Gas and electricity will continue to be traded between the two, but the risks of shortages and higher costs for the UK and Ireland will grow and increase over time, explains Sara Stefanini of Climate Home News. … [Read more...]
UK homes need ‘deep efficiency retrofit’ to meet climate goals
The British government’s policy of incrementally upgrading energy efficiency in UK homes is not enough to meet the country’s 2050 climate targets. Instead, virtually every UK house needs a one-off retrofit, says a new report. It calls for government and cities to commit to pilot schemes for retrofitting whole houses using models such as the Dutch “Energiesprong”, which achieves a near net-zero energy home, typically by adding external insulation … [Read more...]
Post-Brexit carbon tax would set Scotland against UK
The UK is weighing up future carbon pricing options in a post-EU world, but Scotland will not abide a London plan for a national tax because that would impinge on devolved powers. Resolving the issue will not be easy, particularly in the event of a no-deal Brexit, writes Sara Stefanini, Climate Home News. Courtesy of Climate Home News. … [Read more...]
Poorest households hit hardest by UK climate change levy despite using least energy
A levy added to UK household energy bills to help the country meet its climate targets hits the poorest households hardest, write John Barrett and Anne Owen of the University of Leeds. Climate policies should be compatible with social justice, the authors say, adding their research demonstrates it is possible to design a system that is both fair and effective. Article courtesy The Conversation. … [Read more...]
UK capacity market “will boost baseload not balancing power”
The upcoming UK capacity market is supposed to support the integration of renewables into the grid. But will it do that or will it primarily serve to bring new baseload capacity online? UK Power Reserve, an independent developer and operator of small, flexible generators, wonders whether the UK’s plans will squeeze existing providers of flexible capacity or stimulate investment. CEO Tim Emrich tells Energy Post how he has been making money by … [Read more...]
Brussels sets dangerous precedent by clearing UK capacity market
The European Commission has given the green light to a proposed UK capacity market that aims to ensure enough electricity is available to cover consumption at peak times. This is the Commission’s first assessment of a capacity market under new EU guidelines on energy and environment state aid that entered force on 1 July. The Commission says the aid is justified because it will contribute to the UK’s security of supply “without distorting … [Read more...]
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